Grattan says Aussies retiring comfortably, ISA respondsBY KANIKA SOOD | WEDNESDAY, 7 NOV 2018 12:23PMAustralians are retiring with more than enough, according to new research from Grattan Institute but ISA and ASFA don't agree. Related News |
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It would be newsworthy if Grattan had anything positive to say about super.
If the calculation of 91% of pre retirement income is correct, it is an argument for a harsher means test, not softer.
GIven the ABP minimum drawdowns, retirees need an investmwnt tail wind to leave a legacy larger than when they started (particularly after tax).
Nevertheless, the intergeneration transfer needs to be tackled.